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New Gold Inc T.NGD

Alternate Symbol(s):  NGD

New Gold Inc. is a Canadian intermediate gold mining company with a portfolio of two core producing assets in Canada, namely the Rainy River gold mine and the New Afton copper-gold mine. The Company also holds other Canadian-focused investments. The Company is engaged in the acquisition, exploration and development of natural resource properties. Rainy River is a gold mine located in Northwestern Ontario, Canada, approximately 65 kilometers (km) northwest of Fort Frances, Ontario. The New Afton mine is located approximately 10 km west of Kamloops, approximately 350 km northeast of Vancouver, British Columbia, Canada.


TSX:NGD - Post by User

Bullboard Posts
Comment by pierre013on Apr 30, 2017 7:31pm
372 Views
Post# 26185199

RE:re--thanks deaner

RE:re--thanks deanerHi gang, I listened to both CC this last week. The permanent permit for the final tailing pond will be  emitted by the federal government and NGD has been told that this final permit should be emitted by january 2018. They would like to get it before but they don't have control over it. That's why they had to set up a temporary pond with a capacity of 6 months at full production. That's the reason behind the decision of Credit Suisse to be doubtful about NGD's schedule. 
In my opinion, it's not so a big deal. Even if they had to stop the concentration process for 2 to 3 weeks ,  it won't affect the other parts of the mining.They can take some time to do maintenance and fine tuning on the process. They have plenty of time to look for a plan B on this one. Sit back and relax.
Bullboard Posts